p4ers3 Posted October 12, 2022 Report Share Posted October 12, 2022 I am looking for some advice regarding tax deduction. My bank account was recently compromised and the scammer transferred $3k out of my account through e-transfer. The bank is currently investigating this unauthorized transaction. In case I won't be able to recover this amount, can I write it off against my personal income for tax purposes? I have read quite a bit about theft loss for business or investment income, but nothing much on individual theft loss. Any advice? Thanks in advance. Quote Link to comment Share on other sites More sharing options...
Maggie3 Posted October 12, 2022 Report Share Posted October 12, 2022 Hello P4ers3, This issue should be addressed to your bank. No personal theft deduction is available under CRA tax rules and regulations. Quote Link to comment Share on other sites More sharing options...
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